This is interesting. Monthly, weekly, daily.
Fartcalls.
Gold Sings Higher and Higher
Lee Adler 3 – Gold Trader September 19, 2024
The 9-12 month cycle projection suggests that the uptrend has …
The current 5 day cycle projection on the hourly ES 24 hour S&P futures is 2740. I warned yesterday that the Fed was loosening into an already overheating economy that is producing lots of excess liquidity. Now the Fed adds fuel to the fire.
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The Fed’s RRP slush fund is now down 90% from its peak levels reached in Q1 of 2023. This month $144 billion has been withdrawn. Soon, the money will be gone. Then what.
I have forecast the draining of this facility from the time QT began. The Fe…
The ES has gone sideways since Friday’s close. All short term uptrend lines remain intact. Hourly indicators have rolled over a bit, but they’ve stayed in positive territory so far in the pre market. A little dip below 5617 could trigger sell signals a…
That’s the 5 day cycle projection on the ES. The ES would first need to clear a couple of resistance lines around 5620 today. The projection implies a test of the early September high of 5655. If it gets there today, I’d expect a battle royal. Otherwis…
Last night we left off with a 2-3 day cycle projection of 5525 on the ES. Since then, there’s been a failure to launch, but all is not lost for the bulls yet. The 2-3 day cycle projection remains 5515 and there’s an incipient 5 day cycle projection of …
Here it is, not even 6 AM in New York, and the overnight traders have already bought the dip. It started in Asia and continued in Your Rope. There are buy signals on the hourly oscillators and they came from positive divergences versus the previous ho…
This is ridiculous. There have been more false breakdowns lately than I can remember. The new technical rule is: When stocks break support, buy.
Which is, of course, the opposite of the old rule.
It’s the bots and the AI, AI, AI. They’re doin…
This morning the market as represented by the ES, 24 hour S&P futures has been creeping up along its latest trendline. It’s amazing how these things work sometimes. After all, I drew this line yesterday. Now, as of 6 AM ET, 5619 is the number below…
Electricity went out in my neighborhood where I’m currently staying in Warsaw this morning your time. It’s been about 2 hours and the power just came back on. But apparently the neighborhood internet infrastructure is also down. I’m getting DNS errors….
